From carpenters to general contractors, construction businesses and contractors face high risks in every project they get. Concrete contractors perform an important role in building our cities, homes, and businesses. Thus, concrete contractor liability can be a very serious situation. Additionally, concrete contractor insurance can provide financial protection for your business if an accident or theft occurs, or if someone is injured in the course of your business operations. Particularly, because most projects involve building blocks of almost every structure there is. At the same time, even the best contractor can be sued for damages when things did not go as planned. Hence, If you’re not prepared for a situation like this, you can be facing significant losses that can cause you to lose everything you worked hard for. To protect your business from a variety of inherent risks associated with operating your company, you must at least have general liability insurance. This policy will help you cover for claims including bodily injury, property damage and claims after completing your project. In fact, many general contractors also require concrete contractors to carry commercial general liability insurance to be hired as a subcontractor. Find out if your business is eligible, or give us a call at: 1 844 234-5600.
Many states require concrete contractors to carry liability insurance in order to be licensed. Furthermore, contractors who hire you to do concrete contracting work are likely to require you to show them proof of your general liability insurance coverage. It is therefore very important that you carry this insurance. Without proof of general liability insurance, you may not be able to get as many jobs because this is something that most clients require before hiring – they want to see a certificate of insurance. Concrete contractors rely on tools and machinery to complete their jobs. These tools and machinery can be extremely expensive, so you will want to be certain that they are covered while they are being used at a job site. In addition, like any other small business owners, independent contractors can be sued and held liable for damages. Therefore, you cannot work without Liability Insurance For Contractors otherwise you can be paying more than your combined pieces of machinery worth. Here at Contractor General Contractor Insurance, we provide you with flexible options that can help you protect your business from serious property damages and third-party related injuries. If you want to learn more about concrete contractors insurance, don’t hesitate to give our experts a call to help you understand your risks.
While general liability insurance covers basic construction and contracting risks, it does not offer absolute protection. However, it is necessary that you have the right types of coverage to make sure that you have maximum protection from all the other risks you face as a licensed concrete contractor. In addition, the size of your operation, the location of your business, the number of people you employ, and the type of services you provide are just some of the factors that will determine exactly what type of insurance you need and how much coverage you should get for your business. Here are some other coverage you might need for your contracting business;
Required in almost every state for construction businesses with employees, workers’ comp can cover medical fees for work-related injuries that they may sustain while being employed. Moreover, it can cover lost wages while your employee is in the recovery period. Overall, Because concrete jobs have a higher rate of injury than many other professions, it is very important for concrete contractors to have workers’ compensation coverage.
This policy covers vehicles owned by your construction or contracting business. It typically pays for accidents and damages related to theft, weather, and vandalism. Besides, your personal auto insurance policy won’t cover any vehicles that are used for business-related purposes. Therefore, if you have a vehicle that is mainly used for your concrete contracting business, you’ll need to invest in commercial auto insurance.
Most hand and power tools used by concrete contractors are expensive to purchase if they need to be replaced. Therefore, to protect the property that your contracting business operates out of, including the structure itself, the contents within it, and the equipment you need for your projects, you need Commercial Property Insurance. This policy helps pay for repair or replacement of a contractor’s tools and equipment if they are lost, stolen, or damaged.